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FILE — Prescription drugs in a storage area at a pharmacy in Albuquerque, N.M., on May 26, 2021. President Joe Biden and Democrats made another attempt this month to rein in health care costs, imposing limits on prescription drug spending through Medicare as part of the Inflation Reduction Act. (Paul Ratje/The New York Times)President Joe Biden’s move this past week to cancel student loan debt for tens of millions of borrowers and reduce future loan payments for millions more comes with a huge catch, economists warn: It does almost nothing to limit the skyrocketing cost of college and could very well fuel even faster tuition increases in the future.
Originally published at The New York Times News Service Syndicate